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By the way, the ratings agency is Standard & Poor's. Who's going to listen to a company whose name translates to Average & Below Average?
--Jon Stewart
Gary Hart: The Plight of Youcef Nadarkhani
36 minutes ago
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6 comments:
I so agree... and who the heck is/was Mr Standers or Mr Poor... why do they have the power ?
cheers, parsnp
I think they were a vaudeville team.
I don't know that they have all that much power at the moment. Since the downgrade, the purchasing of US treasury certificates have INCREASED. It was supposed to be the other way around.
S&P gave Lehman Brothers a AAA rating ONE WEEK before it collapsed, thus precipitating the global meltdown.
By the way, Standards and Poor's were two different companies at one time. They merged in 1941. So when the headlines scream that S&P downgraded the USA for the first time in the country's history, that doesn't mean since 1776.
"Dung & Bradstreet" has always made me look askance at their expertise, for the same reason.
Les, if you're going to walk down that street, make sure you tiptoe.
Yes ~ good advice. Maybe Wellingtons instead of my good leather cowgirl boots.
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